Saudi’s Asyad Group eyes Pakistan airport privatisation

Saudi Arabia's Asyad Group has shown interest in joining Pakistan's upcoming airport privatization process. A meeting between Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb and Ghassan Ahmed Amodi, CEO of Asyad Group, discussed the Group's existing investments in Pakistan, future expansion plans, and opportunities in sectors like airport privatization.

Amodi emphasized Asyad Group's commitment to Pakistan and its plans to expand presence in the country. The Pakistani government is seeking to outsource the operations and land assets of three major airports - Jinnah International Karachi, Islamabad International, and Allama Iqbal International Lahore - to enhance services, modernize facilities, and attract foreign investment through public-private partnerships.

The government's finance minister welcomed Saudi investors' interest in Pakistan and stressed the importance of attracting credible, long-term investors. He highlighted the significance of strong, multidimensional engagement with Saudi Arabia and the private sector to drive investment, trade, and economic cooperation. The meeting also covered Wafi Energy Pakistan Limited's expansion and investment plans, including its retail network, storage infrastructure, and digitalization initiatives.

Asyad Group expressed interest in exploring further investment opportunities in sectors like finance and bringing Saudi and Pakistani investors together for potential projects. Senator Aurangzeb appreciated Asyad Group's confidence in Pakistan and its commitment to expanding investment, emphasizing the country's macroeconomic stability and progress.

He underlined Pakistan's strategic location as a gateway to regional markets and encouraged continued collaboration with the private sector to turn investment interest into tangible projects.